Petron Corporation
Petron Corporation is the Philippines' sole remaining oil refiner, processing crude oil into petroleum products and distributing them through retail fuel stations and industrial channels for the Philippine domestic market, under controlling ownership of San Miguel Corporation.
- Company typePrivate
- Founded1994
- HeadquartersNew Berlin, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Petron Corporation does
Petron Corporation is the Philippines' sole remaining oil refiner, importing crude oil and processing it into petroleum products for distribution across the Philippine domestic market. The company was privatized in 1994 from the Philippine National Oil Corporation and was brought under the controlling ownership of San Miguel Corporation in 2008–2010 via a holding company structure that now holds a 71.8% stake, making Petron a privately controlled subsidiary within one of the Philippines' largest conglomerates. Its operations center on a refinery complex at Limay (near Manila), with a corporate headquarters in Manila, supported by a network of Petron-branded retail fuel stations and direct industrial and commercial fuel-supply contracts covering transportation, aviation, shipping, and large commercial enterprises.
Petron Corporation firmographics
Firmographics- Name
- Petron Corporation
- Legal name
- Petron Corporation
- Website
- https://petroncorp.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Petron Corporation is the Philippines' sole remaining oil refiner, processing crude oil into petroleum products and distributing them through retail fuel stations and industrial channels for the Philippine domestic market, under controlling ownership of San Miguel Corporation.
- Ownership category
- akta.pro rank
Petron Corporation industry classification
Industry- Product category
- Oil Refining and Fuel Distribution
- NAICS
- Petroleum Refineries (32411), Pipeline Transportation of Refined Petroleum Products (486910)
- SIC
- Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171)
- akta.pro primary industry
- Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading) (EUALAGAK)
- akta.pro secondary industries
- Crude Oil Tank Farms & Terminals (TLAGAKAA), Refined Products Tank Farms & Terminals (TLAGAKAB), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH)
Keywords
Where Petron Corporation is headquartered
LocationHeadquarters
- HQ city
- New Berlin
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Petron Corporation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Others
Revenue model
- Oil Refining and Fuel Distribution: Petron operates as the Philippines' sole remaining oil refiner, processing crude oil into petroleum products and distributing them through retail fuel stations and commercial channels.
Distribution channels2 records
Petron Corporation product offering
Product offeringCore offering
Petron Corporation is the Philippines' sole remaining oil refiner, processing imported crude oil (including Russian crude) at its Limay refinery near Manila into finished petroleum products. The company distributes these refined fuels through an extensive network of Petron-branded retail fuel stations serving motorists across the Philippines, and also supplies petroleum products directly to industrial, commercial, aviation, and shipping customers.
Product overview
Petron Corporation is the Philippines' sole remaining oil refiner, controlled by San Miguel Corporation with a 71.8% stake. The company operates in petroleum refining and fuel distribution, importing crude oil for processing and managing working capital for fuel supply operations. No specific branded products, modules, or named offerings were identified in the provided source data.
Differentiator
Problem solved
Functional benefit
Products and services
- Refined petroleum products
- Retail fuel station service
- Industrial and commercial fuel supply
Companies that use Petron Corporation
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Petron Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Petron Corporation partnerships and signals
Strategic signalScale indicators8 records
Recent moves5 records
Expansion highlights3 records
Petron Corporation competitors and assessment
Company assessmentRegional players
- SK Energy Co., Ltd. South Korean refiner and integrated downstream operator with significant crude processing capacity; comparable as a regional Asian refiner facing similar crude import dependence and product pricing dynamics.
- Formosa Petrochemical Corporation: Taiwan-based integrated petroleum and petrochemical refiner serving Asian fuel markets; comparable as a regional Asian refiner of similar scale whose crack-spread economics and import- feedstock dynamics mirror Petron's exposure.
Broad incumbents
- PT Pertamina: Indonesia's state-owned integrated oil and gas company with refining and retail operations; comparable as a Southeast Asian state-backed integrated energy major with a national security mandate analogous to Petron's Philippine role.
- Reliance Industries Limited: Indian conglomerate with one of the world's largest refining complexes and integrated petrochemicals; comparable as a large-scale integrated refining and downstream operator in Asia with conglomerate-style ownership similar to San Miguel's Petron stake.
- Indian Oil Corporation: India's largest state-owned integrated oil major with refining and extensive retail fuel station network; comparable as a high-volume Asian refiner-retailer serving a large emerging domestic market.
- PTT Public Company Limited: Thailand's national integrated oil and gas company operating refining and retail across Southeast Asia; comparable as a state-influenced regional integrated downstream player serving a similar Southeast Asian market structure.
Direct peers
- Seaoil Philippines: Philippine fuel retailer competing directly with Petron's branded station network; comparable as a domestic downstream fuels operator serving the same end-customers despite being a non-refiner.
- Pilipinas Shell Petroleum Corporation: Philippine affiliate of Shell engaged in retail fuel distribution and formerly refining; directly comparable to Petron as a Philippines-based downstream fuels competitor, now reliant on imports rather than domestic refining.
Others
- San Miguel Corporation: Petron's 71.8% controlling shareholder and Philippine conglomerate; included as an ecosystem comparator whose diversification, capital allocation, and conglomerate governance directly shape Petron's strategy and access to capital.
- Valero Energy Corporation: US-based pure-play independent refiner; comparable as a globally relevant refiner benchmark for crack spreads, turnaround economics, and capital intensity that frame Petron's refining-segment performance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key highlights6 records
Customer concentration
Petron Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petron Corporation leadership team
Management profileNumber of profiles
Petron Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petron Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petron Corporation
What does Petron Corporation do?
Petron Corporation is the Philippines' sole remaining oil refiner, processing imported crude oil (including Russian crude) at its Limay refinery near Manila into finished petroleum products. The company distributes these refined fuels through an extensive network of Petron-branded retail fuel stations serving motorists across the Philippines, and also supplies petroleum products directly to industrial, commercial, aviation, and shipping customers.
Is Petron Corporation a public or private company?
Petron Corporation is a private company. It is currently operating.
When was Petron Corporation founded?
Petron Corporation was founded in 1994. It employs 51 to 100 people.
Where is Petron Corporation based?
Petron Corporation is headquartered in New Berlin, United States, in the North America region.
How does Petron Corporation make money?
One revenue line is on record: oil Refining and Fuel Distribution.
Who are Petron Corporation's main competitors?
Regional players on record are SK Energy Co., Ltd. and Formosa Petrochemical Corporation. Broad incumbents are PT Pertamina, Reliance Industries Limited, Indian Oil Corporation and PTT Public Company Limited. Direct peers are Seaoil Philippines and Pilipinas Shell Petroleum Corporation. Others are San Miguel Corporation and Valero Energy Corporation.
Does Petron Corporation have an API?
No public API is recorded for Petron Corporation.
What industry is Petron Corporation in?
Petron Corporation's product category is Oil Refining and Fuel Distribution. Its primary akta.pro industry code is EUALAGAK, Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading), with a secondary code of TLAGAKAA, Crude Oil Tank Farms & Terminals. Its NAICS code is 32411 and its SIC code is 2911.